Aptiv (NYSE:APTV) Sees Large Volume Increase

Shares of Aptiv PLC (NYSE:APTV) saw strong trading volume on Thursday . 958,277 shares traded hands during mid-day trading, a decline of 65% from the previous session’s volume of 2,739,044 shares.The stock last traded at $68.29 and had previously closed at $67.54.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Oppenheimer reduced their price objective on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Piper Sandler downgraded Aptiv from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $78.00 to $63.00 in a research report on Wednesday. Barclays reduced their price target on Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Wells Fargo & Company reduced their price target on Aptiv from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, UBS Group upped their price target on Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $105.08.

Aptiv Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. The company has a market capitalization of $19.16 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 0.66 and a beta of 1.87. The firm’s fifty day simple moving average is $77.61 and its 200 day simple moving average is $79.67.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The company had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. On average, research analysts predict that Aptiv PLC will post 6.01 EPS for the current year.

Insiders Place Their Bets

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the transaction, the director now owns 13,636 shares in the company, valued at $1,049,699.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of APTV. Riverview Trust Co acquired a new position in shares of Aptiv during the 1st quarter worth about $25,000. Hazlett Burt & Watson Inc. acquired a new stake in Aptiv in the 1st quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Aptiv in the 4th quarter valued at about $29,000. GAMMA Investing LLC acquired a new stake in Aptiv in the 4th quarter valued at about $32,000. Finally, Clearstead Trust LLC raised its holdings in Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 305 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.